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Re: Bizreader post# 718055

Friday, 10/27/2023 2:52:03 PM

Friday, October 27, 2023 2:52:03 PM

Post# of 727056
Not saying RD is correct, but to your question, banks that conspired to manipulate LIBOR negatively affected other banks like WMB and WMBfsb, who were owned by WMI - so ultimately WMI was harmed or lost income from LIBOR manipulation. I think any LIBOR lawsuit proceeds on behalf of WMB/fsb pass thru the receivership and reduce the FDIC's bottom line on the WMB balance sheet. Altogether, the theory is that it could maybe be part of positive wave that overcomes the negative FDIC WMB estate, and residual could flow back to WMI. I think that's the theory at least.
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